FINANCIAL STATEMENTS - Concordiafinancial statements of the City as of and for the years ended December 31, 2000 and 1999, as listed in the table of contents. These financial statements

CITY OF CONCORDIA, KANSAS

FINANCIAL STATEMENTS

YEAR ENDED DECEMBER 31, 2000

I


FINANCIAL STATEMENTS


TABLE OF COHTENTS

Independent Auditors' Report

Summary of cash receipts, expenditures and unencumbered cash

Summary of expenditures - actual and budget

Statements of .cash receipts and expendituresGeneral

Library

Recreation

Industrial development

Special highwayEmployee benefitLibrary employee benefitEmergency telephone systemSpecial utility costSpecial park and recreationSpecial alcohol programsComputer equipment replacementVehicle-special equipment reserveB.A.T. equipment reserveCivil asset forfeiture

Continuing economic development grantMemorial

Bond and interest

Water and sewer bond and interest

T.I.F. projectsStreet projectsWater line projectsSanitary sewer projectsLaw enforcement building projectAirport runway improvementsDemo, and misc. projectsWater and sewer general operatingWater and sewer bond reserve

Water and sewer bond reserve series 1998

Water and sewer depreciation replacementWater and sewer utility surplusDesignated water connect feesCafeteria planEmployee health care planInventory revolvingCentral garage revolvingCemetery endowmentSmall animal trust

actual and budget

Statement Page

1

1 2

2 3

t:

3.1 4-9

3.2 10

3.3 11

3.4 12

3.5 13

3.6 14

3.7 15

3.8 16

3.9 17

3.10 18

3.11 19

3.12 20

3.13 21

3.14 22

3.15 23

3.16 24

3.17 25

3.18 26

3.19 27

3.20 28

3.21 29

3.22 30

3.23 31

3.24 32

3.25 33

3.26 34

3.27 35 - 36

3.28 37

3.29 38

3.30 39

3.31 40

3.32 41

3.33 42

3.34 43

3.35 44

3.36 45

3.37 46

3.38 47

Statement of cash receipts and disbursements - actual:Agency funds

Statement of changes in long-term debtSchedule of maturity of long-term debt

Statements of cash receipts and expenditures -Component units:Frank Carlson Library - generalFrank Carlson Library - benefitsFrank Carlson Library - memorialsFrank Carlson Library - library buildingRecreation-Playground Commission - general

Notes to the financial statements

Supplemental information

actual:

5.1

5.2

6.1

6.2

6.3

6.4

6.5

48

49

50

51

52

53

54

55

56

66

65

70

The

* David N. Allison, CPA

Jayne Aylward, CPA

Edwin E. Baker, CPA

* Gary D. Bosom, CPA

Lisa G. Bjustrom, CPA

* J. Sanford Bushman, CPA

Pepper David, CPA

SherryL. DeMaranville, CPA

Shelley Giersch, CPA

• Douglas W. Glenn, CPA

Jack R. Good, CPA

James F. Howes II, CPA

Susan M. James, CPA

Tina M. Karns, CPA

* AnthonyB. Kramer, CPA

Susan Lacey, CPA

* Ronald L. Lininger, CPA

Laura A. Marple, CPA

Janda S. Myrick, CPA

* Denise J. Peterson, CPA

*Mary E. Ramos, CPA

Gerald L. Reimer, CPA

Shawna Rogers, CPA

* Michael D. Schirmer, CPA

* James R. Showalter, CPA

Stacie A. Wenzl, CPA

* Kirk W. Wiesner, CPA

Kristi Wilkins, CPA

Joseph J. Wood, CPA

*Owners

Group, LLC. 990 SW Fairlawn, Topeka, KS 66606-2384(785) 272-3176 • Fax (785) 272-2903

INDEPENDENT AUDITORS' REPORT

Honorable Mayor and Members of the City CommissionCity of Concordia, Kansas

We have audited the accompanying financial statements ofthe City of Concordia, Kansas as of and for the yearended December 31, 2000, and the individual fundfinancial statements of the City as of and for the yearsended December 31, 2000 and 1999, as listed in the tableof contents. These financial statements are the

responsibility of the City's management. Ourresponsibility is to express an opinion on thesefinancial statements based on our audit.

We conducted our audit in accordance with generallyaccepted auditing standards and the Kansas MunicipalAudit Guide. Those standards require that we plan andperform the audit to obtain reasonable assurance aboutwhether the financial statements are free of material

misstatement. An audit includes examining, on a testbasis, evidence supporting the amounts and disclosures inthe financial statements. An audit also includes

assessing the accounting principles used and significantestimates made by management, as well as evaluating theoverall financial presentation. We believe that ouraudit provides a reasonable basis for our opinion.

As described in Note 1, the City of Concordia, Kansasprepares its financial statements on a prescribed basisof accounting that demonstrates compliance with the cashbasis and budget laws of the State of Kansas, which is acomprehensive basis of accounting other than generallyaccepted accounting principles.

In our opinion, the statutory basis financial statementsreferred to above present fairly, in all materialrespects, the cash and unencumbered cash balance of theCity of Concordia, Kansas as of December 31, 2000, andits cash receipts and expenditures, for the year thenended, on the basis of accounting described in Note 1.Also, in our opinion, the individual fund financialstatements as of and for the years ended December 31,2000 and 1999, present fairly, in all material respects,the cash receipts, expenditures, and unencumbered cashbalances, on the basis of accounting described in note 1.

Members of the American Institute of Certified Public Accountants

The supplemental information on pages 66-70 is presented for purposesof additional analysis and is not a required part of the basicfinancial statements. We did not audit the information (with theexception of the current indebtedness section) and do not express anopinion on it.

T&e~ /3CC s&su^i L. L. CThe BCC Group, L.L.C.Topeka, KansasFebruary 16, 2001

The BCC Group, L.L.C.

Funds

Governmental type funds:General

Special revenue funds:LibraryRecreation

Industrial developmentSpecial highwayEmployee benefitLibrary employee benefitEmergency telephone systemSpecial utility costSpecial park and recreationSpecial alcohol programsComputer equip, replacementVehicle-special equipment

reserve

B.A.T. equipment reserveCivil asset forfeiture

Continuing economicdevelopment grant

Memorial

Debt service funds:

Bond and interest

Water and sewer bond

and interest

Capital projects:T.I.F. projectsStreet projectsWater line projectsSanitary sewer projectsLaw enforcement buildingAirport runway improvementsDemo and misc. projects

Proprietary type funds:Enterprise funds:

Water & sewer operatingWater & sewer bond reserve

Water & sewer bond reserve

series 1998

Water & sewer depr. repl.Water 4 sewer utility surplusDesignated water connect fees

Internal service funds:

Cafeteria planEmployee health care planInventory revolvingCentral garage revolving

Fiduciary type funds:Nonexpendable trusts:

Cemetery endowmentSmall animal trust

Total primary government

Component units:Frank Carlson Library:

General

Special revenue funds:Benefits

Memorials

Library building

Total Frank Carlson Library

Recreation - PlaygroundCommission

Total component units

Total reporting entity(excluding agency funds)

Composition of cash:

STATEMENT 1


SUMMARY OF CASH RECEIPTS, EXPENDITURES AND UNENCUMBERED CASH


Beginning Prior yearunencumbered canceled

cash balance encumbrances

Add outstandingEnding encumbrances

Cash unencumbered and accounts Endingreceipts Expenditures

$ 2,526,548

cas h balance payable cash balance

$ 2,248,175 S 596,549 $ 32 ,865 $ 629,414

88,912 88,912 _ _ _

17,469 17,469 541 655 1,19621,365 25,086 14,622 86 14,708

178,806 170,485 87,040 2 816 89,856413,731 360,662 96,779 495 97,27426,696 26,033 - - -

31,302 9,394 36,950 - 36,950156,671 174,186 65,451 178 65,629

4,713 3,061 6,986 - 6,986- - 641 - 641

15,000 15,196 5,342-

5,342

124,908 138,644 113,752 5 715 119,467- - 3,791 - 3,791

- -3,877

-

3,877

55,688 - 253,489 - 253,489

1,828 - 1,828 - 1,828

874,922

541

18,34378,719

43,710

(663)

15,04282,9665,334

641

5,538

127,488

3,7913,877

197,801

98,630

64,884

173,14519,371

73,602

841,06126,521

78,500

48,00093,000

50,314

1,042

523,3132,401

35,83130,470

18,392

12,68943,156

160,059

234,296

21,979

256,275

$ 3,874,410

219,431

70,302

1,846,948

2,347,92368,477

260,240

41,9352,511

311,573

70,781

1,276,0312,178,726

98,185228,534

96,7535,819

64,405

570,917342,342(10,337)105,308

(54,818)(3,308)

993,233130,169

7,838

90,205

6,488

64,405

1,564,150472,511(2,499)

195,513

(54,818)(3,308)

,407,246 1,415,110 833,197 138 083 971,280

- - 26,521-

26,521

- - 78,500 - 78,500

27,000 - 75,000 - 75,000- 12,000 81,000 - 81,000

9,515 -59,829

-59,829

23,583 22,661 1,964 - 1,964

551,360 395,078 679,595 - 679,595

35,818 34,180 4,039 3 557 7,59639,657 39,657 - 86 86

7,878 6,860

9,747,624

145,198

26,531655

33,741

206,125

35,83131,488 _

35,83131,488

10,345,088 4,215,599

27,052

12,58445,581

135,179

220,396

1,405 981 5,621,580

153,858

26,4263,0808,861

27,052

12,58445,581

135,179

192,225 - 220,396

22,963

215,198

$10,560,276

29,624 29,624

250,020 250,020

15 318

221 443

S 9 969 067 S 4,465,619 $1,405,981 $ 5,871,600

Checking accountsSavings accountsMoney market accountsCertificates of depositCash on hand

Separate component units accounts

Total cash

Less agency funds per statement 4

Total reporting entity(excluding agency funds)

$ 2,364,813671,423

2,572,53365,831

600

220,396

5,895,596(23,996)

S 5,871,600

The accompanying notes are an integralpart of the financial statements.

STATEMENT

2

CITY

OF

CONCORDIA,

KANSAS

SUMMARY

OF

EXPENDITURES

-ACTUAL

AND

BUDGET

YEAR

ENDED

DECEMBER

31,

2000

Funds

Governmental

type

funds:

General

Special

revenue

funds:

Library

Recreation

Industrial

development

Special

highway

Employee

benefit

Library

employee

benefit

Emergency

telephone

system

Special

utility

cost

Special

park

and

recreation

Special

alcohol

programs

Computer

equip,

replacement

Vehicle-special

equipment

reserve

Debt

service

funds:

Bond

and

interest

Water

and

sewer

bond

and

interest

Proprietary

type

funds:

Enterprise

funds:

Water

&sewer

operating

Designated

water

connect

fees

Fiduciary

type

funds:

Nonexpendable

trusts:

Small

animal

trust

Total

Certified

budget

$2,711,445

92,930

19,000

40,750

205,445

409,452

27,874

9,600

207,300

9,431

641

16,304

157,000

312,051

70,880

1,537,219

53,065

8,570

$5,888,957

Adjustment

for

qualifying

budget

credits

5,058

1,880

599

Total

budget

for

comparison

Expenditures

chargeable

to

current

year

Variance

-

favorable

(unfavorable)

716,503

$2,526,548

$189,955

92,930

88,912

4,018

19,000

17,469

1,531

40,750

25,086

15,664

205,445

170,485

34,960

411,332

360,662

50,670

27,874

26,033

1,841

9,600

9,394

206

207,300

174,186

33,114

9,431

3,061

6,370

641

-

641

16,304

15,196

1,108

157,000

138,644

18,356

312,051

311,573

478

70,880

70,781

99

1,537,818

53,065

8,570

1,415,110

6,860

122,708

53,065

1,710

7,537

$5,896,494

$5,360,000

$536,494

The

accompanying

notes

are

an

integral

part

of

the

financial

statements.

STATEMENT 3.1


STATEMENT OF CASH RECEIPTS AND EXPENDITURES - ACTUAL AND BUDGET

GENERAL FUND


Cash receipts:

Taxes and shared revenue:

Ad valorem tax

Delinquent tax

Motor vehicle tax

Recreational vehicle tax

16/20M truck revenue

Vehicle rental excise tax

Local alcoholic liquor tax

Local ad valorem tax reduction

City and county revenue sharing

Local retail sales tax

Sales tax revenue - red book

Bingo gross receipts tax

State highway connecting links

Total taxes and shared receipts

Licenses, permits and fees:

Utilities franchise tax

Liquor and cereal malt beverage

licenses

Business licenses and permits

Dog licenses

Zoning permits

Rezoning applications

Sponsor/tournament fees

Site plan/platt fees

Total licenses, permits and

franchises

Fines and penalties:

Court fines and fees

Parking fines

Dog fines and adoptions

Total fines and penalties

Prior

year

actual Actual

Current year

Budget

Variance -

favorable

(unfavorable)

$ 349,039- $ 501,664> -- $ 510,971 $ (9,307)

4,996 3,511' - 3, 000 511

79,952 63,724'- 74,976 (11,252)

829 660' - 690 (30)

4 94- 4 30' -- 358 72

29 ' 146' - - 146

4, 116 4,713 ' * 4,797 (84)

34,985 • 35,217'_ 38,425 (3,208)

48,215 44,021'-- 48,697 (4,676)

808,278 833,188' - 775,000 58,188

218 12' - - 12

2,854 - 5,438' - 3, 000 2,438

27,678 36,895-

1,529,619

26,000

1,485,914

10,895

1,361,683 43,705

328,558 . 377,414' ' 325,000 52,414

3,300 • 3,000 i _ 2,000 1,000

2,565 2,540 i .... 2,200 340

1,627 1,689 ' 1,000 689

2,034 4,158 ••- 2,000 2,158

1,059 85i. - 85

960- 1,060/ - 1,000 60

- 6251 - - 625

340,103 390,571 333,200 57,371

55,741- 61,102'' 47,000 14,102

1,687' 922' 800 122

1,253' 1,175 - 900 275

58,681 63,199 48,700 14,499


I

STATEMENT 3.1



GENERAL FUND


Cash receipts (cont.):

Charges for services:

Ambulance services

Inter-local ambulance agreement

Cemetery grave services

Paving and curb cuts

Rural fire contracts

Dispatch interlocal agreement

Total charges for services

Use of money and property:

Interest on investments

W.S.O. rental (weather bureau)

Airport rental

Hangar rental

Locker rental

Total use of money and property

Grants:

State grants

Miscellaneous revenue:

Swimming pool sales

Concession stand sales

Sale of crops

Sale of cemetery lots

Court restitution

Diversions

Cash bonds

Reimbursements

Other

Total miscellaneous revenue

Operating transfers in:

Law enforcement building project

Small animal trust

Total operating transfers in

Total cash receipts

Prior

year

actual Actual

Current year

Budget

Variance -

favorable

(unfavorable)

$ 56,408' $ 64,920' $ 50,000 $ 14,920

2,275- 4,130' - 4,130

5, 900' 9,345' 8,500 845

2,089' 964'..,. 650 314

1,517' 1,676> 1, 675 1

50,000. 50,000f

131,035

50,000

110,825

-

118,189 20,210

93,987' 76,589• 30,000 46,589

15,500' - - -

6,000' 6, 000 6,000 -

5,590* 2,080' 5,172 (3,092)

3 • 8 • - 8

121,080 84,677 41,172 43,505

20,339

19,930' 19,883' 17,000 2,883

375- 200« 375 (175

1,132 - 301- 261 40

3,500-- 3,050 2,000 1,050

865 ' 1,054, - 1,054

2,100' 3,845. 1,000 2,845

- 385 • - 385

5,946' 5,058 5,000 58

10,309' 8,438 3,000 5,438

44,157 42,214

$2,

28,636

8,570

8,570

057,017

13,578

2,775

7, 500

2

6,860 •

6,860

248,175 $

(1,710)

10,275'

2,074,507

(1,710)

191,158


I

STATEMENT 3.1



GENERAL FUND


Expenditures:

Finance and administration:

Personal services

Contractual services

Commodities

Capital outlay

Total finance and administration

Law/municipal court:

Personal services


Commodities

Capital outlay

Total law/municipal court

Election expense:

County election cost

Total election expense

Millirons trust fund:

Commodities

Total millirons trust fund

Special projects:

Personal services


Commodities

Capital outlay

Debt service

Bank settlement

Operating transfers out:

Computer equipment replacement

Continuing economic develop, grant

Airport runway improvements

Street projects

Total special projects

Current year

Prior Variance -

year favorable

actual Actual Budget (unfavorable

$ 123,136 $ 135,723 S 145,625 $ 9,902

56,326 63,847 101,600 37,753

15,084 7, 305 8, 650 1,345

4,465 6,525 4, 050 (2,475)

199,011 213,400 259,925 46,525

22,535 31,993 38,064 6,071

47,454 48,615 50,610 1,995

808 241 450 209

- 1,539 5,350

94,474

3,811

70,797 82,388 12,086

1,556 1,000 (556)

1,556 1,000 (556)

22

22_ __ _

6,500 6,500

55,015 91,452 68,100 (23,352)

15,146 13,806 1,500 (12,306)

25,927 400 - (400)

209,853 207,650 207,790 140

26,779 - - -

6,000 15,000 15,000 -

107 - - -

- 41,935 - (41,935)

107,501 61,184 71,124 9, 940

446,328 431,427 370,014 (61,413)


STATEMENT 3.1



GENERAL FUND


Expenditures (cont.):

Law enforcement:

Personal services


Commodities

Capital outlay


Vehicle-special equipment reserve

Total law enforcement

Police communications/records:

Personal services


Commodities

Capital outlay

Total police communications/records

Fire protection:

Personal services


Commodities

Capital outlay

Debt service



Total fire protection

Ambulance service:

Personal services


Commodities

Capital outlay



Total ambulance service

Prior

year

actual Actual

Current year

Budget

Variance -

favorable

(unfavorable)

$ 355,580 $ 358,762 $ 385,741 $ 26,979

7,085 15,280 9,450 (5,830)

24,781 34,043 30,800 (3,243)

27,171 7,060 7, 650 590

- 21,000

436,145

21,000

454,641

-

414,617 18,496

126,471 151,367 146,973 (4,394)

15,138 14,569 14,700 131

4,846 3,159 5,250 2,091

202 - 350

167,273

350

146,657 169,095 (1,822)

226,838 241,898 241,720 (178)

4,087 15,217 5,550 (9,667)

15,577 19,113 17,800 (1,313)

1,488 - - -

25,000 25,000 25,000

272,990 301,228 290,070 (11,158)

27,008 37, 627 41,435 3,808

2,460 2,104 4, 900 2,796

8,408 13,157 9,400 (3,757)

12,383 4,605 5,000 395

10,000 20,000

77,493

20,000

80,735

-

60,259 3,242


STATEMENT 3.1



GENERAL FUND



Animal shelter/control:

Personal services


Commodities



Total animal shelter/control

Community development:

Personal services


Commodities

Capital outlay



Total community development

Public works:

Personal services


Commodities

Capital outlay



Total public works

Airport operations and maintenance:

Personal services


Commodities

Capital outlay



Total airport operations and

maintenance

Prior

year

actual Actual

Current year

Budget

Variance -

favorable

(unfavorable)

$ 13,026 $ 31,464 $ 35,039 $ 3,575

3,024 3,389 3,900 511

3,176 2,301 2,400 99

837 5,000

42,154

5,000

46,339

_

20,063 4,185

13,777 61,757 74,400 12,643

68,631 27,072 17,350 (9,722)

1,334 3,747 1, 650 (2,097)

2,790 2,721 1,000 (1,721)

1,350 1,350

96,647

1,350

95,750

-

87,882 (897)

152,910 153,774 153,100 (674)

4, 479 4,287 7, 950 3, 663

29,961 37,817 57,400 19,583

17 19,328 30,000 10,672

20,000 20,000

235,206

20,000

268,450

-

207,367 33,244

29,658 39,358 31,750 (7,608)

22,295 23,966 24,800 834

5,861 4,259 6,875 2,616

10,016 942 3,200 2,258

1,172 1,172 1,172 -

69,002 69,697 67,7 97 (1,900)


STATEMENT 3.1



GENERAL FUND



Park operations:

Personal services


Commodities

Capital outlay



Total park operations

Cemetery operations:

Personal services


Commodities

Capital outlay



Total cemetery operations

Swimming pool operations:

Personal services


Commodities

Capital outlay

Total swimming pool operations

Ball complex programs:

Personal services


Commodities



Total ball complex programs

Adjustment for qualifying budget

credits - reimbursements

Total expenditures

Receipts under expenditures

Unencumbered cash, beginning of year

Unencumbered cash, end of year

Prior

year

actual Actual

Current year

Budget

Variance -

favorable

(unfavorable)

$ 130,429 $ 103,996 $ 194,565 $ 90,569

9,280 11,221 9,500 (1,721)

15,970 21,418 23,450 2,032

10,715 6, 990 16,500 9,510

4, 690 4, 690

148,315

4, 690

248,705

_

171,084 100,390

29,943 36,622 34,526 (2,096)

1, 646 2,765 2,050 (715)

4,965 4,179 7,950 3,771

2,026 21,958 69,250 47,292

6,013 6,013 6,013 -

44,593 71,537 119,789 48,252

43,256 45,221 39,917 (5,304)

4,057 7,333 4,350 (2,983)

11,993 9, 690 11,425 1,735

4,473 9, 470

71,714

11,268 1,798

63,779 66,960 (4,754)

51,518 49,205 46,923 (2,282)

9,706 12,325 13,300 975

14,599 15,516 17,800 2,284

1,500 1,500

78,546

1,500

79,523

-

77,323 977

2,351,774

(277,267)

1,152,189

$ 874,922

2,526,548

(278,373)

874,922

$ 596,549

5,058 5,058

$2,716,503 $ 189,955


STATEMENT 3.2



LIBRARY FUND


Current year

Cash receipts:

Ad valorem tax

Delinquent tax

Motor vehicle tax




Prior Variance -

year favorable


$ 69,670 $ 75,331 $ 76,756 $ (1,425)

907 659 800 (141)

14,393 12,684 14,964 (2,280)

149 131 138 (7)

90 78 72 6

5 29 - 29

Total cash receipts 85,214 88,912 $ 92,730 $ (3,818)

Expenditures:

Appropriation to Frank Carlson Library 85,214 88,912 $ 92,930 $ 4,018

Total expenditures 85,214 88,912 $ 92,930 $ 4,018

Receipts over expenditures

Unencumbered cash, beginning of year - -

Unencumbered cash, end of year ^$ - $ -


10

STATEMENT 3.3



RECREATION FUND


Current year

Prior Variance -

year favorable


$ 15,544 $ 14,463 $ 14,739 $ (276)

194 134 150 (16)

2,811 2,821 3,339 (518)

29 29 31 (2)

20 7 16 (9)

1 15

17,469

- 15

18,599 $ 18,275 $ (806)

Cash receipts:

Ad valorem tax

Delinquent tax

Motor vehicle tax




Total cash receipts

Expenditures:

Appropriation to Playground-Recreation

Commission 19,000 17,469 $ 19,000 $ 1,531


Receipts (under)/over expenditures (401)

Unencumbered cash, beginning of year 942 541

Unencumbered cash, end of year ^$ 541 $ 541


11

STATEMENT 3.4



INDUSTRIAL DEVELOPMENT FUND


Current year

Cash receipts:

Ad valorem tax

Delinquent tax

Motor vehicle tax




Prior Variance -

year favorable

actual Actual Budget (unfavorable)

$ 11,268 $ 19,134 $ 19,491 $ (357)

151 119 100 19

3,077 2,069 2,420 (351)

32 21 22 (1)

13 5 12 (7)

1 17 - 17

Total cash receipts 14,542 21,365 $ 22,045 $ (680)

Expenditures:

Contractual services 25,000 25,086 $ 37,000 $ 11,914

Commodities - - 750 750

Capital outlay - - 3,000 3,000


Receipts under expenditures (10,458) (3,721)

Unencumbered cash, beginning of year 28, 801 18,343

Unencumbered cash, end of year $ 18,343 $ 14,622


12

STATEMENT 3.5



SPECIAL HIGHWAY FUND


Current year

Prior Variance -

year favorable


$ 166,875 $ 178,806 $ 188,180 $ (9,374)

166,875 178,806 $ 188, 180 $ (9,374)

104,542 112,646 $ 119,120 $ 6,474

6, 657 6,029 10,500 4, 471

39,959 41,810 60,825 19,015

25,000 - 5,000 5,000

2,230 10,000

170,485

8,321

$

10,000

205,445

-

178,388 $ 34,960

(11,513)

90,232 78,719

$ 78,719 $ 87,040

Cash receipts:

State of Kansas gas tax

Total cash receipts

Expenditures:

Personal services


Commodities

Capital outlay



Total expenditures

Receipts (under)/over expenditures



The accompanying notes are an integral

part of the financial statements.

13

STATEMENT 3.6



EMPLOYEE BENEFIT FUND


Current year

Prior Variance -

year favorable

actual Actual Budget (unf avorable)

$ 96,817 S 164,051 $ 167,086 $ (3,035)

1, 662 1, 079 1,300 (221)

23,896 17,711 20,797 (3,086)

247 184 191 (7)

170 128 99 29

9 41 - 41

151,905 169,592 150,000 19,592

48,902 59,065 46,000 13,065

4 1, 880 - 1,880

323,612 413,731 $ 385,473 $ 28,258

352,925 360,662 $ 409,452 $ 48,790

- -

$

1, 880

411,332 $

1, 880

352,925 360,662 50,670

(29,313) 53,069

73,023 43,710

$ 43,710 3 96,779

Cash receipts:

Ad valorem tax

Delinquent tax

Motor vehicle tax




Employee contributions

Employer contributions

Reimbursements

Total cash receipts

Expenditures:

Employee benefits



Total expenditures





14

STATEMENT 3.7



LIBRARY EMPLOYEE BENEFIT FUND


Current year

Cash receipts:

Ad valorem tax

Delinquent tax

Motor vehicle tax




Total cash receipts

Expenditures:

Appropriation to Frank Carlson Library

Prior Variance -

year favorable


$ 21,141 $ 22,580 $ 22,993 $ (413)

283 196 200 (4)

4,333 3,848 4,543 (695)

45 40 42 (2)

28 23 22 1

2 9 - 9

25,832 26,696 $ 27,800 $ (1,104)

26,495 26,033 $ 27,874 $ 1,841

Total expenditures 26, 495

Receipts (under)/over expenditures (663)

Unencumbered cash, beginning of year -

Unencumbered cash, end of year $ (663)

26,033 S 27,874 $ 1,841

663

(663)


15

STATEMENT 3.8



EMERGENCY TELEPHONE SYSTEM


Current year

Cash receipts:

Service tax

Reimbursements

Total cash receipts

Expenditures:


Commodities

Capital outlay

Total expenditures




Prior Variance -

year favorable


$ 32,799 $ 31,302 $ 29,000 $ 2,302

117 - - "

32,916 31,302 $ 29,000 $ 2,302

62,357

1,506

63,863

(30,947)

45,989

7,7£

1, 606

9,394

21,908

15,042

$ 15,042 $ 36,950

$ 8,100

1, 500

9, 600

$ 312

1,500

(1,606)

$ 206


16

STATEMENT 3.9



SPECIAL UTILITY COST FUND


Current year

Cash receipts:

Ad valorem tax

Delinquent tax

Motor vehicle tax




Prior Variance -

year favorable


$ 129,263 $ 131,565 $ 134,001 $ (2,436)

1,552 1, 156 1,250 (94)

25,754 23,514 27,767 (4,253)

267 243 256 (13)

151 139 133 6

9 54 - 54

Total cash receipts 156,996 156,671 $ 163,407 $ (6,736)

Expenditures:

Contractual services 132,736 174,186 $ 207,300 $ 33,114


Receipts over/(under) expenditures 24,260 (17,515)

Unencumbered cash, beginning of year 58, 706 82, 966



17

STATEMENT 3.10



SPECIAL PARK AND RECREATION FUND


Current year

Cash receipts:

Local alcoholic liquor tax $ 4,116 $ 4,713 $ 4,^97 5 (84)

Total cash receipts 4,116 4,713 $ 4,^97 $ (84)

Expenditures:

Personal services 5,491 2,579 $ 6,431 $ 3,852Commodities 3,165 482 3,000 2,518





Prior Variance -

year favorable


4,116 4,713

5, 491 2,579

3, 165 482

8, 656 3,061

(4,540) 1,652

9,874 5,334

$ 5,334 $ 6,986


Cash receipts



SPECIAL ALCOHOL PROGRAMS FUND


Current year

STATEMENT 3.11

Prior Variance -

year favorable


Expenditures - ~ 5 641


Unencumbered cash, beginning of year 641 641

Unencumbered cash, end of year $ 641 __$ 641


19

STATEMENT 3.12



COMPUTER EQUIPMENT REPLACEMENT FUND *


Current year

Cash receipts:


General

Total cash receipts

Expenditures:


Commodities

Total expenditures




Prior Variance -

year favorable


$ 6,000

6,000

300

9,700

10,000

(4,000)

9,538

$ 15,000

15,000

$

$

15,000

15,000

$

$

1,217

13,979

15,196

(196)

5, 538

$

16,304

$

$

(1,217)

2,325

$ 16,304 1,108

$ 5,538 $ 5,342

* This fund is not required to be budgeted.


20

I


STATEMENT OF CASH RECEIPTS AND EXPENDITURES - ACTUAL

VEHICLE-SPECIAL EQUIPMENT RESERVE FUND *


STATEMENT 3.13

Current year

Prior Variance -

year favorable


Cash receipts:

Interest on investments $ 8,228 $ 9,183 $ - $ 9,183


General fund 70,562 105,725 105,725

Special highway fund 2,230 10,000 10,000 -

Total cash receipts 81,020 124,908 $ 115,725 $ 9,183

Expenditures:

Capital outlay 119,258 138,644 $ 157,000 $ 18,356

Total expenditures 119,258 138, 644 $ 157,000 $ 18,356

Receipts under expenditures (38,238) (13,736)

Unencumbered cash, beginning of year 165,726 127,488




21

STATEMENT 3.14



B.A.T. EQUIPMENT RESERVE FUND *


Cash receipts:

Blood alcohol treatment fees

Total cash receipts

Expenditures





Prior Current

year year

actual actual

$ 460

460

_

460

3,331

3,791

3,791

3,791


22

STATEMENT 3.15



CIVIL ASSET FORFEITURE FUND *


Cash receipts:

Civil asset forfeitures

Total cash receipts

Expenditures





Prior Current

year year

actual actual

3 3,877

3, 877

_

3,877

3,877

3,877

3,877



23

STATEMENT 3.16



CONTINUING ECONOMIC DEVELOPMENT GRANT FUND *


Cash receipts:

Repayment of federal grant loans



General fund

Total cash receipts

Expenditures:

Revolving loan distributions

Total expenditures





Prior

year

actual

Current

year

actual

$ 128,022 $ 49,065

3,896 6,623

107 _

132,025 55,688

30,000

30,000

52,025

145,776

55,688

197,801

$ 197,801 $ 253,489



24

STATEMENT 3.17



CITY OF CONCORDIA MEMORIAL FUND *


Cash receipts:

Donations


Total cash receipts

Expenditures

Total expenditures





Prior Current

year year

actual actual

$ 1,824

4

1,828

_

_

1,828

1,828


25

STATEMENT 3.18



BOND AND INTEREST FUND


Current year

Cash receipts:

Ad valorem tax

Delinquent tax

Motor vehicle tax




Special assessment



Street projects

Total cash receipts

Expenditures:

Debt service

Total expenditures

Receipts over/(under) expenditures



Prior Variance -

year favorable


$ 234,596 $ 126,781 $ 129,130 $ (2,349)

1,483 1,558 1,000 558

33,120 42,378 50,395 (8,017)

347 437 464 (27)

126 181 241 (60)

12 98 - 98

46,831 34,626 33,000 1,626

13,561 12,228 11,350 878

7,596 1, 144 - 1,144

337,672 219,431 $ 225,580 $ (6,149)

318,489 311,573 $ 312,051 $ 478

318,489 311,573

(92,142)

$ 312,051 $ 478

19,183

79, 447 98,630

$ 98,630 $ 6,488


26

STATEMENT 3.19



WATER AND SEWER BOND AND INTEREST FUND


Current year

Prior Variance -

year favorable


Cash receipts:


Water and sewer general operating

Total cash receipts

Expenditures:

Debt service 70,976 70,781 $ 70,880 $ 99

$ 103 292 $ 70 ,302 $ 70 302

103 292 70 302 $ 70 302

70,

70,

32,

976

976

316

70 781 $

$

70,

70,

880

70 781 880

(479)

32, 568 64 884

$ 64, 884 $ 64, 405

Total expenditures 70,976 70,781 $ 70,880 $ 99_





27

STATEMENT 3.20



STREET PROJECTS FUND *


Cash receipts:

Proceeds of indebtedness

Federal aid - CDBG grant

Prepaid special assessments

Reimbursements


T.I.F. projects

General

Total cash receipts

Expenditures:


Debt service


Bond and interest

Sanitary sewer projects

Total expenditures





Prior Current

year year

actual actual

$ 650,130

48,000

7,596

30,000

107,501

843,227

729,088

7,596

736,684

106,543

66,602

173,145

$ 1,829,895

2, 674

12,000

207,647

234,523

61,184

2,347,923

1,182,381

960,705

1,144

34,496

2,178,726

169,197

173,145

342,342


28

STATEMENT 3.21



T.I.F. PROJECTS FUND *


Cash receipts:


Total cash receipts

Expenditures:



Street projects

Sewer projects

Water line projects

Total expenditures





Prior Current

year year

actual actual

$ 1,846,94£

1,846,948

993,234

234,523

43,766

4,508

1,276,031

570,917

570,917


29



WATER LINE PROJECTS FUND *


STATEMENT 3.22

Prior Current

year year

actual actual

Cash receipts:



T.I.F. projects

Sanitary sewer projects

Total cash receipts

Expenditures:


Debt service

Total expenditures





1,125

1, 125

(1,125)

20,496

19,371



30

63,309

4,508

660

68,477

78,153

20,032

98,185

(29,708)

19,371

(10,337)



SANITARY SEWER PROJECTS FUND *


STATEMENT 3.23

Prior Current

year year

actual actual

Cash receipts:


Reimbursements

Transfers in:

Street projects

T.I.F. projects

Total cash receipts

Expenditures:


Debt service

Transfers out:

Water line projects

Total expenditures





47,000

26,117

73,117

88,829

88,829

(15,712)

89,314

73,602


31

181,978

34,496

43,766

260,240

154,931

72,943

660

228,534

31,706

73,602

105,308

STATEMENT 3.24



LAW ENFORCEMENT BUILDING PROJECT FUND *


Cash receipts:

Reimbursements

Total cash receipts

Expenditures:


Commodities


General

Total expenditures





Prior Current

year year

actual actual

1,871

1,871

49,790

4,384

2,775

56, 949

(55,078)

55,078


32



AIRPORT RUNWAY IMPROVEMENTS FUND *


STATEMENT 3.25

Prior Current

year year

actual actual

Cash receipts:


General

Total cash receipts

Expenditures:


Total expenditures







33

41,935

41,935

96,753

96,753

(54,818)

(54,818)



DEMO AND MISC. PROJECTS FUND *


STATEMENT 3.26

Prior Current

year year

actual actual

Cash receipts:

Reimbursements

Total cash receipts

Expenditures:


Total expenditures







34

2,511

2,511

5,819

5,819

(3,308)

(3,308)

STATEMENT 3.27



WATER AND SEWER GENERAL OPERATING FUND


Cash receipts:

Water sales receipts

Sewer charge receipts

Bulk waste water disposal

Bulk tank sales

Water taps, labor & materials

Sewer tap inspection fees

Water line inspection fees

Sewer line inspection fees

Tower rental


Other

Reimbursements


Water and sewer utility surplus

Total cash receipts

Expenditures:

Administration:

Personal services


Commodities

Capital outlay

Debt service

Bank settlement

Total administration

Water production:

Personal services


Commodities

Capital outlay

Total water production

Water distribution:

Personal services


Commodities

Total water distribution

Current year

Prior Va riance -

year f avorable

actual Actual Budget (un favorable

S 792,768 $ 867,685 $ 724,500 $ 143,185

477,035 452,230 483,000 (30,770)

1, 656 704 500 204

629 956 300 656

14,245 4,854 3,000 1,854

220 30 150 (120)

330 270 200 70

10 10 - 10

240 240 240 -

48,219 65,299 20,000 45,299

4,212 2,369 - 2,369

5,050 599 100 499

_ 12,000

1,407,246

-

$

12,000

1,344,614 $1 ,231,990 175,256

226,741 263,319 $ 290,728 $ 27,409

79,928 97,240 108,795 11,555

6,134 7, 915 5,800 (2,115)

400 1, 685 1,400 (285)

50,565 48,435 48,435 -

26,779 - - -

390,547 418,594 455,158 36,564

34,340 40,522 36,903 (3,619)

39,820 53,355 62,600 9,245

37,447 43,602 47,525 3,923

- 9

137,488

- (9)

Ill,607 147,028 9,540

63,543 58,153 82,907 24,754

13,371 21,346 25,400 4,054

72,576 59,056

138,555

65,550

173,857

6,494

149, 490 35,302


35

STATEMENT 3.27



WATER AND SEWER GENERAL OPERATING FUND



Sewer treatment:

Personal services


Commodities

Debt service

Total sewer treatment

Sewer system construction/maintenance:

Personal services


Commodities

Capital outlay

Total sewer system construction/

maintenance

Special projects:


Commodities

Capital outlay

Total special projects


Water and sewer bond and interest

Water and sewer depreciation

replacement

Water and sewer utility surplus

Total operating transfers out



Total expenditures




Prior

year

actual Actual

Current year

Budget

Variance -

favorable

(unfavorable)

$ 106,911 $ 112,636 $ 112,827 $ 191

99,955 149,951 132,200 (17,751)

26,415 29,753 38,450 8, 697

16,144 16,144 16,144 -

249,425 308,484 299,621 (8,863)

31,503 34,004 33,953 (51)

6,978 20,001 16,300 (3,701)

2,827 2,761 6, 000 3,239

4,500 1,034 4,500 3,466

45,808 57,800 60,753 2,953

22,000 56,531 57,000 469

23 - - -

193,612 200,356 237,500 37,144

215,635

103,292

36,000

93,000

232,292

1,394,804

(50,190)

891,251

256,887

70,302

27,000

97,302

294,500

70,302

36,000

106,302

599

1,415,110 $1,537,818

(7,864)

841,061

$ 841,061 $ 833,197

37,613

9,000

9,000

599

$122,708


36

STATEMENT 3.28



WATER AND SEWER BOND RESERVE *


Cash receipts

Expenditures





Prior Current

year year

actual actual

26,521 26,521

26,521 26,521



37



WATER AND SEWER BOND RESERVE SERIES 1998 *


Cash receipts

Expenditures





Prior

year

actual

78,500

78,500



38

STATEMENT 3.29

Current

year

actual

78,500

78,500

STATEMENT 3.30



WATER AND SEWER DEPRECIATION REPLACEMENT *


Cash receipts:



Total cash receipts

Expenditures

Total expenditures





Prior Current

year year

actual actual

$ 36,000

36,000

.

_

36,000

12,000

48,000

$ 27 000

27 000

.

_

27,000

48,000

75,000


39



WATER AND SEWER UTILITY SURPLUS FUND *


STATEMENT 3.31

Prior Current

year year

actual actual

Cash receipts:



Total cash receipts

Expenditures



Total expenditures





93,000

93,000

93,000

93,000



40

12,000

12,000

(12,000)

93,000

81,000

STATEMENT 3.32



DESIGNATED WATER CONNECT FEES FUND


Cash receipts:

Water connect fees

Total cash receipts

Expenditures:

Debt service

Total expenditures




Current year

Prior Variance -

year favorable


9,249

9,249

9,249

41,065

9,515

9,515

9,515

50,314

$ 50,314 $ 59,829

6,000 $ 3,515

6,000 $ 3,515

$ 53,065 $ 53,065

$ 53,065 $ 53,065


41

STATEMENT 3.33



CAFETERIA PLAN FUND *


Cash receipts:

Employee contributions


Employee health care plan

Total cash receipts

Expenditures:


Total expenditures





Prior

year

actual

18,959

18,959

19,240

Current

year

actual

22,533

1,050

23,583

22,661

19,240 22,661

(281) 922

1,323 1,042

$ 1,042 $ 1,964



42

STATEMENT 3.34



EMPLOYEE HEALTH CARE PLAN FUND *


Cash receipts:

Employer contributions


Total cash receipts

Expenditures:

Benefits paid

Health insurance premiums

Life insurance premiums


Cafeteria plan

Total expenditures





Prior

year

actual

Current

year

actual

$ 441,144

21,323

$ 518,777

32,583

462,467 551,360

234,686

155,852

2,679

234,227

157,508

2,293

1,050

393,217 395,078

69,250

454,063

$ 523,313

156,282

523,313

$ 679,595


43

STATEMENT 3.35


STATEMENT OF CASH RECEIPTS AND EXPENDITURES - ACTUALINVENTORY REVOLVING FUND *


Cash receipts:

Reimbursements

Total cash receipts

Expenditures:

Commodities

Total expenditures





Prior Current

year year

actual actual

24,430

24,430

26,524

26,524

(2,094)

4,4 95

2, 401

35,818

35,818

34,180

34,180

1,638

2,401

4,039


44

STATEMENT 3.36



CENTRAL GARAGE REVOLVING FUND *


Cash receipts:

Reimbursements

Total cash receipts

Expenditures:

Personal services


Commodities

Total expenditures





Prior Current

year year

actual actual

39,65718,804

18,804 39,657

13,741 35,521

223 97

4, 840 4,039

18,804 39,657


45

STATEMENT 3.37



CEMETERY ENDOWMENT FUND *


Cash receipts

Expenditures





Prior Current

year year

actual actual

35,831 35,831

35,831 35,831


46

STATEMENT 3.38



SMALL ANIMAL TRUST FUND


Cash receipts:

Bequests and gifts


Total cash receipts

Expenditures:


General

Total expenditures




Current year

Prior

year

actual Actual Budget

Var

fa

(unf

$

iance -

vorable

avorable

$ 6,952 $ 6,390

1, 488

$ 7,500 (1,110)

1,488

6, 952 7, 878 $ 7,500 $ 378

7,500

7,500

(548)

31,018

6,860 $ 8,570 $ 1,710

6,860

1,018

30,470

$ 8,570 $ 1,710

$ 30,470 $ 31,4!


47

STATEMENT 4


STATEMENT OF CASH RECEIPTS AND CASH DISBURSEMENTS - ACTUAL

AGENCY FUNDS


Fund

Animal adoptions

Cloud County solid waste landfill

D.A.R.E.

Fire safety program

Judge training

Retro development corp.

Sports complex concessions

Sports complex improvements

Tree planting program

Water protection

Beginning Ending

cash Cash Cash cash

balance receipts dis oursements balance

$ $ 1,310 $ - $ 1,310

19,549 184,938 204,487 -

2,355 2,353 1,013 3, 695

679 2,115 20 2,774

826 4, 639 5,465 -

35,704 104 35,808 -

2,195 24,012 14,833 11,374

3,018 1, 620 516 4,122

1,021 -300 721

2,452

$

9,141

230,232

11,593 -

$ 67,799 $ 274,035 $ 23,996


48

Issue

Interest

rates

Date

of

issue

CITY

OF

CONCORDIA,

KANSAS

STATEMENT

OF

CHANGES

IN

LONG-TERM

DEBT

YEAR

ENDED

DECEMBER

31,

2000

Amount

of

issue

Date

of

final

maturity

Balance

beginning

of

year

Additions

Reductions/

payments

General

obligation

bonds:

Refunding

series

1993

3%

-4.65%

Improvements

series

1996

4.1%

-5.25%

Water/sewer

Highway

81

series

1997

4.6%

-6%

Improvements

series

2000

4.7%

-6.5%

1993

1996

1997

2000

825,000

530,000

$595,000

S1,170,000

2000

2011

2012

2015

225,000

335,000

595,000

1,170,000

$225,000

80,000

Capital

leases:

Building

Equipment

Revenue

bonds:

Water

and

sewer

utility

system

Temporary

notes:

Series

1998

Series

1998-2

Series

1999

Series

2000

Series

2000-2

tax

increment

financing

notes

Total

bonded

indebtedness

Compensated

absences

Total

long-term

debt

5.94%

1994

$512,000

2000

134,000

6.38%

1996

$67,839

2000

15,172

4%

5%

1998

$785,000

2013

760,000

134,000

15,172

35,000

4.10%

1998

$250,000

2002

190,000

-60,000

4.15%

1998

$300,000

2000

300,000

-300,000

3.98%

1999

$700,000

2001

700,000

-700,000

4.95%

2000

$900,000

2002

-900,000

-

4.38%

2000

$1,850,000

2002

-

1,850,000

3,920,000

-

3,,254,172

1,,549,172

N/A

N/A

N/A

N/A

61,354

$3,315,526

S3,920,000

S1,549,172

The

accompanying

notes

are

an

integral

part

of

the

financial

statements.

49

Net

change

(3,213)

STATEMENT

5.1

Balance

end

of

year

255,000

595,000

1,170,000

725,000

130,000

900,000

1,850,000

5,625,000

58,141

$(3,213)

S5,683,141

Principal:

General

obligation

bonds:

Refunding

series

1993

Improvement

series

1996

Water/sewer

Highway

81

series

1997

Improvement

series

2000

Revenue

bonds:

Water

and

sewer

utility

syste

Temporary

notes:

Series

1998

Series

2000

Series

2000-2

tax

increment

financing

notes

Total

principal

Interest:

General

obligation

bonds:

Refunding

series

1993

Improvement

series

1996

Water/sewer

Highway

81

series

1997

Improvement

series

2000

Revenue

bonds:

Water

and

sewer

utility

syste

Temporary

notes:

Series

1998

Series

2000

Series

2000-2

tax

increment

financing

notes

Total

interest

Total

principal

and

interest

CITY

OF

CONCORDIA,

KANSAS

SCHEDULE

OF

MATURITY

OF

LONG-TERM

DEBT

2001

85,000

35,000

50,000

40,000

65,000

275,000

11,690

29,552

62,785

34,345

5,330

71,045

214,747

2002

15,000

40,000

55,000

40,000

65,000

900,000

1,850,000

2,965,000

8,120

27,453

59,535

32,665

2,665

89,100

80,938

300,476

Year

ended

December

31,

2003

15,000

40,000

60,000

45,000

160,000

7,468

25,292

55,960

30,945

119,665

2004

15,000

45,000

60,000

45,000

165,000

6,800

23,292

52,210

28,988

111,290

2005

15,000

45,000

65,000

50,000

175,000

6,117

21,223

48,460

26,985

102,785

Thereafter

110,000

390,000

880,000

505,000

1,885,000

20,107

81,508

270,998

119,770

492,383

STATEMENT

5.2

Total

255,000

595,000

1,170,000

725,000

130,000

900,000

1,850,000

5,625,000

60,302

208,320

549,948

273,698

7,995

89,100

151,983

1,341,346

$489,747

$3,265,476

$279,665

$276,290

$277,785

$2,377,383

$6,966,346

The

accompanying

notes

are

an

integral

part

of

the

financial

statements.

50

STATEMENT 6.1



FRANK CARLSON LIBRARY

GENERAL FUND


Cash receipts:

Appropriation from the City

Transfer from library building fund

Central Kansas Library System grants

State aid grants

Copies, books, fines, etc.

Federal aid grant

Insurance proceeds

E-rate funding


Book sales/auction

Reimbursed expenses

Miscellaneous

Transfer from memorials fund

Total cash receipts

Expenditures:

Salaries and wages

Building and grounds maintenance

Books, periodicals, and subscriptions

Supplies and postage

Furniture and equipment

Insurance and bonds

Utilities and phone

Miscellaneous

Records, tapes, videos, and compact disks

Total expenditures




Prior Current

year year

actual actual

$ 89,504 $ 88,912

33,844 33,741

10,460 10,460

7,115 7,570

6,345 6,324

- 2,500

934 1,420

- 965

572 874

1,103 604

1,475 330

- 158

10,000 -

161,352 153,858

72,707 73,958

10,290 28,768

15,232 22,352

6,162 5,170

33,379 4,587

4, 141 4,388

2,377 2,183

2,412 2,094

3, 900 1,698

150,600 145,198

10,752 8, 660

7, 640 18,392

$ 18,392 $ 27,052


51

STATEMENT 6.2




BENEFITS FUND


Cash receipts:

Appropriation from the City


Total cash receipts

Expenditures:

Employee benefits

Payroll taxes

Total expenditures




Prior Current

year year

actual actual

$ 27,847 $ 26,033

359 393

28,206 26,426

20,386 21,309

5, 623 5,222

26,009 26,531

2,197 (105)

10,492 12,689

$ 12,689 $ 12,584


52

STATEMENT 6.3




MEMORIALS FUND


Cash receipts:

Memorials and donations


Transfer from library building fund

Total cash receipts

Expenditures:

Book purchases

Transfer to general fund

Record and tape purchase

Total expenditures




Prior Current

year year

actual actual

$ 3,302 $ 2,588

1,654 4 92

5,651 -

10,607 3,030

1,384 655

10,000 -

264 -

11,648 655

(1,041) 2,425

44,197

$

43,156

$ 43,156 45,581


53




LIBRARY BUILDING FUND


STATEMENT 6.4

Prior Current

year year

actual actual

Cash receipts:


Total cash receipts

Expenditures:

Transfer to general fund

Transfer to memorial fund

Total expenditures




9,188

9, 188

33,844

5, 651

39,495

(30,307)

190,366

160,059


54

8,861

8,861

33,741

33,741

(24,880)

160,059

135,179

STATEMENT 6.5


STATEMENT OF CASH RECEIPTS AND EXPENDITURES

RECREATION - PLAYGROUND COMMISSION

GENERAL FUND


ACTUAL

Cash receipts:

Appropriation from City

Fees and tournaments


Donations

Reimbursed expenses

Total cash receipts

Expenditures:

Playground

Soccer

Administration

Tennis

Arts and crafts

Youth football

Basketball

Volleyball

Kids basketball

Track meet

Coed volleyball

Swim team

New program

Total expenditures




Prior Current

year year

actual actual

$ 19,000 $ 17,469

3, 916 3,165

20 1,827

1,000 500

1,563 2

25,499 22,963

8, 904 9,683

2,870 2,310

792 2,145

131 326

- 259

- 250

323 236

785 109

800

623

577

500

500

16,805

8,694

13,285

21,979

15,318

7,645

21,979

29,624


55


NOTES TO THE FINANCIAL STATEMENTS


1. Summary of significant accounting policies

a. Reporting entity

The City of Concordia, Kansas is a municipal corporation governed byan elected three-member commission. These financial statements

present the City of Concordia, Kansas (the primary government) andtwo of its three component units. The component units are includedin the City's reporting entity because of the significance of theiroperational or financial relationships with the City.

1. Discretely presented component units

The component unit sections of the financial statements includethe financial data of the discretely presented component units.These component units are reported separately to emphasize thatthey are legally separate from the City. The City appoints thegoverning bodies of the component units.

a. Frank Carlson Library - The Frank Carlson Library consistsof an appointed six-member board. The Library Boardoperates the City's public library. Acquisition ordisposition of real property by the Board must be approvedby the City.

b. Recreation-Playground Commission - The Recreation-Playground Commission consists of an appointed five-memberboard. The Commission operates the recreational programsof the City.

The following component unit is not included in thesefinancial statements: Concordia Housing Authority.

b. Basis of accounting

1. Statutory basis of accounting

The statutory basis of accounting, as used in the preparation ofthese statutory basis financial statements, is designed todemonstrate compliance with the cash basis and budget laws ofthe State of Kansas. Cash receipts are recognized when the cashbalance of a fund is increased. Expenditures includedisbursements, accounts payable, and encumbrances. Encumbrancesare commitments related to unperformed (executory) contracts forgoods and services, and are usually evidenced by a purchaseorder or written contract. For an interfund transaction, a cashreceipt is recorded in the fund receiving cash from anotherfund, and an expenditure is charged in the fund from which thetransfer is made.

The City has obtained a waiver from generally acceptedaccounting principles which allows the City to revert to thestatutory basis of accounting.

56

2. Departure from generally accepted accounting principles

The basis of accounting described above results in a financialstatement presentation which shows cash receipts, cashdisbursements, cash and unencumbered cash balances, andexpenditures compared to budget. Balance sheets that would haveshown noncash assets such as receivables, inventories, and

prepaid expense, liabilities such as deferred revenue andmatured principal and interest payable, and reservations of thefund balance are not presented.

Under generally accepted accounting principles, encumbrances areonly recognized as a reservation of fund balance; encumbrancesoutstanding at year-end do not constitute expenditures orliabilities. Consequently, the expenditures as reported do notpresent the cost of goods and services received during thefiscal year in accordance with generally accepted accountingprinciples. General fixed assets that account for the land,buildings, and equipment owned by the city are not presented inthe financial statements. Also, general long-term debt such asgeneral obligation bonds, temporary notes, and compensatedabsences are not presented in the financial statements.

Fund accounting

In governmental accounting, a fund is defined as an independentfiscal and accounting entity with a self-balancing set of accountsrecording cash and other financial resources, together with allrelated liabilities and residual equities or balances, and changestherein, which are segregated for the purpose of carrying onspecific activities or attaining certain objectives in accordancewith special regulations, restrictions or limitations.

The following types of funds comprise the financial activities ofthe City for the year ended December 31, 2000:

1. Governmental type funds:

a. General fund - to account for all unrestricted resources

except those required to be accounted for in another fund.

b. Special revenue funds - to account for the proceeds ofspecific revenue sources (other than special assessments ormajor capital projects) that are restricted by law oradministrative action to expenditure for specifiedpurposes.

c. Debt service funds - to account for the accumulation of

resources for, and the payment of, general long-term debtprincipal, interest, and related costs and the financing ofspecial assessments which are general obligations of theCity.

d. Capital projects funds - to account for the acquisition offixed assets or the construction of major capital projectsof the City.

57

2 . Proprietary type funds:

a. Enterprise funds - to account for operations that arefinanced and operated in a manner similar to privatebusiness enterprises - where the stated intent is that thecost of providing goods or services to the general publicon a continuing basis is to be financed or recoveredprimarily through user charges - or where periodicdetermination of revenue earned, expenses incurred, and/ornet income is deemed appropriate for capital maintenance,public policy, management control, accountability, or otherpurposes.

b. Internal service funds - to account for goods or servicesprovided to other departments, agencies, or component unitsof the governmental unit, usually on a cost reimbursement

basis.

3. Fiduciary funds:

a. Nonexpendable trust funds - these fiduciary funds are usedto account for assets held on behalf of outside parties,including other governments, or on behalf of other fundswithin the government. Nonexpendable trust funds areassets held under the terms of a formal trust agreement.

The City is under obligation to maintain the trustprincipal.

b. Agency funds - these funds are custodial in nature and donot involve measurement of results of operations. Agencyfunds generally are used to account for assets that thegovernment holds on behalf of others as their agent.

d. Reimbursements

The City records reimbursable expenditures in the fund that makesthe disbursement and records reimbursements as revenue to the fund.

These reimbursements qualify for budget adjustments, thus, they areclassified as "adjustments for qualifying budget credits" in thebudget column of budgeted funds.

2. Stewardship, compliance and accountability

a. Budgetary information

Kansas statutes require that an annual operating budget be legallyadopted for the general fund, special revenue funds (unlessspecifically exempted by statute), debt service funds, andenterprise funds. The statutes provide for the following sequenceand timetable in the adoption of the legal annual operating budget:

1. Preparation of the budget for the succeeding calendar year on orbefore August 1st.

2. Publication in local newspaper on or before August 5l of theproposed budget and notice of public hearing on the budget.

3. Public hearing on or before August 15th, but at least ten daysafter publication of notice of hearing.

4. Adoption of the final budget on or before August 25th.

The statutes allow for the governing body to increase the originallyadopted budget for previously unbudgeted increases in revenue otherthan ad valorem property taxes. To do this, a notice of publichearing to amend the budget must be published in the localnewspaper. At least ten days after publication, the hearing may beheld and the governing body may amend the budget at that time.There were no such budget amendments for this year.

The statutes permit transferring budgeted amounts between line itemswithin an individual fund. However, such statutes prohibitexpenditures in excess of the total amount of the adopted budget ofexpenditures of individual funds. Budget comparison statements arepresent for each fund showing actual receipts and expenditurescompared to legally budgeted receipts and expenditures.

All legal annual operating budgets are prepared using the modifiedaccrual basis of accounting, modified further by the encumbrancesmethod of accounting. Revenues are recognized when cash isreceived. Expenditures include disbursements, accounts payable, andencumbrances. Encumbrances are commitments by the municipality forfuture payments and are supported by a document evidencing thecommitment, such as a purchase order or contract. Any unusedbudgeted expenditure authority lapses at year-end.

A legal operating budget is not required for capital projects funds(K.S.A. 12-6al6) , proprietary reserve funds (K.S.A. 12-825d), nonexpendable trust funds (K.S.A. 79-2925), and the following specialrevenue funds:

Computer equipment replacement (K.S.A. 12-1,117)Vehicle-special equipment reserve (K.S.A. 12-1,117)B.A.T. equipment reserve (K.S.A. 12-1,117)Civil asset forfeiture (K.S.A. 60-4117)

Continuing economic development grant (K.S.A. 12-1663)City of Concordia memorial (K.S.A. 79-2925)

Spending in funds which are not subject to the legal annualoperating budget requirement is controlled by federal regulations,other statutes, or by the use of internal spending limitsestablished by the governing body.

Compliance with Kansas statutes

Funds in excess of available monies in the amount of $10,337,$54,818 and $3,308 were expended in the water line project fund,airport runway improvements fund and demo and miscellaneous fund,respectively. K.S.A. 10-1113 requires that no indebtedness becreated for a fund in excess of available monies in that fund.

The $10,337 deficit in the water line project fund will be coveredthrough the subsequent issuance of debt. The $54,818 deficit in theairport runway improvement fund will be reimbursed to the City bythe Kansas Department of Transportation, Division of Aviation, uponcompletion of the project. The $3,308 deficit in the demo andmiscellaneous fund was funded through a transfer from the generalfund subsequent to year-end.

59

During a portion of the month of January 2000, the City's depositswere undersecured for an amount less than $5,000 (K.S.A. 9-1402 and

K.S.A. 9-1405).

Management is aware of no other statutory violations for the periodcovered by the audit.

Deposits and investments

At December 31, 2000, the carrying amount of the City's deposits,including certificates of deposit, was $5,675,200. The bank balance was$5,799,348. The difference between the carrying amount and the bankbalance is outstanding checks and deposits in transit. Of the bankbalance, $145,765 was covered by FDIC insurance and the remaining$5,653,583 was collateralized by pledged securities held under jointcustody receipts issued by a third-party in the City's name. The third-party bank and pledged securities is independent of the pledging bank.The pledged securities are held under a tri-party custodial agreementsigned by all three parties: the City, the pledging bank, and theindependent third-party bank holding the pledged securities. (See note2b.)

The City had no investments at December 31, 2000.

The Frank Carlson Library maintains its own bank accounts. At December31, 2000, the carrying amount of the Library's deposits, includingcertificates of deposit, was $220,396. The bank balance was $225,607.The difference between the carrying amount and the bank balance isoutstanding checks and deposits in transit. Of the bank balance,$179,928 was covered by FDIC insurance and the remaining $45,679 wascollateralized by pledged securities held under joint custody receiptsissued by a third-party in the Library's name. The third-party bank andpledged securities is independent of the pledging bank. The pledgedsecurities are held under a tri-party custodial agreement signed by allthree parties: the Library, the pledging bank, and the independent third-party bank holding the pledged securities.

The Library had no investments at December 31, 2000.

Notes receivable

In connection with the continuing economic development grant, the Cityhas loaned local businesses monies. Principal and interest received fromborrowers may be reloaned to additional borrowers as funds becomeavailable.

The outstanding notes receivable balance at December 31, 2000 was$276,398. The cash balance of the continuing economic development grantfund at December 31, 2000 was $253,489.

Interfund transactions

Recurring annual transfers between budgetary funds for the purpose ofshifting resources from the fund legally required to receive the revenue,to the fund authorized to expend the revenue, have been segregated fromnormal revenues and expenditures for reporting purposes.

60

From To Amount

General

General

General

General

Special highwayT.I.F. projectsT.I.F. projects

T.I.F. projectsSanitary sewer projectsStreet projectsStreet projectsWater/sewer general op.Water/sewer general op.Water/sewer utility surplusAnimal trust

Employee health care

Computer equip, replacement $ 15,000Vehicle-special equip, reserve 105,725Street projects 61,184Airport runway improvements 41,935Vehicle-special equip, reserve 10,000Street projects 234,523Sanitary sewer projects 43,766Water line projects 4,508Water line projects 660Sanitary sewer projects 34,496Bond and interest 1,144Water/sewer bond & interest 70,302Water/sewer deprec. replace. 27,000Water/sewer general op. 12,000General 6,860

Cafeteria plan 1,050

Total $670,153

The above transfers are included in the expenditures of the disbursingfund and included in the revenue of the receiving fund as required by thecash basis and budget laws of Kansas and for budget comparison purposes.

6. Capital projects

Capital projects often extend over two or more fiscal years. Thefollowing is a schedule that compares the project authorization to totalproject expenditures from project inception to December 31, 2000:

Project name

Street projects:11th Street

22nd Street18th Street3rd Avenue Westview13th StreetMarquis PlaceAlley between 5th and 6thKansas Street

Cloud to east city limits5th Street

South Development StreetUS 81 lightingCDBG storm sewer

Retro 17th Street

Retro alley21st Street

Water line projects:Marquis PlaceThird Avenue

Westview

Retro water lines improvementSouth Development

Sewer projects:Westview on 8th

61

Project Tot al projectauthorization expenditures

$1 ,198,747 $ 300,006

$ 160,000 $ 137,195

$ 707,587 $ 59,541

$ 226,405 $ 145,905

$ 164,500 $ 126,697

$ 64,174 $ 55,966

$ 92,219 $ 5,596

$ 115,000 $ 71,383

$ 236,000 $ 164,164

$ 198,663 $ 171,600

$1 ,499,122 $ 945,862

$ 214,773 $ 61,123

$ 119,195 $ 119,276

$ 124,855 $ 82,763

$ 7,627 $ 5,787

$ 87,728 $ 87,728

$ 64,174 $ 8,356

$ 40,525 $ 27,412

$ 60,331 $ 37,773

$ 19,895 $ 1,365

$ 347,845 $ 330,168

$ 200,502 $ 111,166

Retro SW improvementsBlosser Pawnee

Collins, Wisdom Simpson sanitarysewer

Bonebrake Southwest

Airport:Airport runways $ 181,455 $ 96,753

7 . Defined benefit pension plan

1. Plan description

The City participates in the Kansas Public Employees RetirementSystem (KPERS) and the'Kansas Police and Firemen's Retirement System(KP&F) . Both are cost-sharing multiple-employer defined benefitpension plans as provided by K.S.A. 74-4901, et seq. KPERS and KP&Fprovide retirement benefits, life insurance, disability incomebenefits, and death benefits. Kansas law establishes and amends

benefit provisions. KPERS and KP&F issue a publicly availablefinancial report that includes financial statements and requiredsupplementary information. That report may be obtained by writingto KPERS (611 S. Kansas, Suite 100, Topeka, KS 66603) or by calling1-888-275-5737.

2. Funding policy

K.S.A. 74-4919 establishes the KPERS member-employee contributionrate at 4% of covered salary. K.S.A. 74-4975 establishes KP&Fmember-employee contribution rate at 7% of covered salary. The

employer collects and remits member-employee contributions accordingto the provisions of section 414(h) of the Internal Revenue Code.State law provides that the employer contribution rate be determinedannually based on the results of an annual actuarial valuation.KPERS and KP&F are funded on an actuarial reserve basis. State law

sets a limitation on annual increases in the employer contributionrates. The KPERS employer rate established for calendar year 2000is 3.22%. The City employer contributions to KPERS for the yearsending December 31, 2000, 1999, and 1998 were $29,444, $30,583, and$28,790, respectively, equal to the required contributions for eachyear. The KP&F employer rate established for fiscal years beginningin 2000 is 11.50%. Employers participating in KP&F also makecontributions to amortize the liability for past service costs, ifany, which is determined separately for each participating employer.The City contributions to KP&F for the years ending December 31,2000, 1999, and 1998 were $20,886, $26,159, and $28,790,

respectively, equal to the required contributions for each year.

8. Revenue bonds and reserve

In 1998, the City issued $785,000 in revenue bonds for the purpose offunding the cost of wastewater treatment plant improvements. The bondsbear interest from 4.000% - 5.000%. See statements 5.1 and 5.2 for

schedules showing the changes in long-term debt and related maturities.Customers served by the system as of January 1, 2000 and December 31,2000 were 2,531 and 2,525, respectively.

62

$

$

28,333

47,504$

$

981

41,324

$

$

47,000

14,241$

$

38,997

13,631

Provisions of the bond resolution make the following requirements for thewater utility fund to assure profitable operations and timely repaymentof debt:

a. Establishment of rates adequate to enable a net income equal to atleast 125% of the total principal and interest due for each year.For 2000, 125% of the debt service payments would be $88,475, whilenet income per the financial statements, prior to debt servicepayments, was $89,438.

Establishment of an operation and maintenance account, into whichthe City shall transfer an amount sufficient to pay the estimatedcost of operating and maintaining the system during the ensuingmonth. The funds may be used solely for the reasonable and properexpenses of operating and maintaining the system and keeping thesystem in good repair and working order. The balance in thisaccount at December 31, 2000 was $833,197.

Establishment of a debt service principal and interest account, intowhich the City shall transfer an equal pro-rata portion of theamount of principal, interest and fees that will become due on thebonds on their next succeeding interest payment date for the solepurpose of paying principal, interest and fees on the bonds. Thebalance in this account at December 31, 2000 was $64,405.

Establishment of a debt service reserve account which must maintain

an amount equal to the lessor of the following:

10% of the stated principal amount on the date of originalissuance of all parity bonds.

or The maximum annual debt service requirements for all paritybonds during any fiscal year.

or 125% of the average annual debt service requirements for thebonds and all parity bonds over the term of the bonds and all

parity bonds.

The balance in this account at December 31, 2000 was $78,500.

Establishment of a depreciation and replacement account to which theCity will transfer $3,000 monthly to the account until the accountaggregates a sum of $75,000. The balance in this account atDecember 31, 2000 was $75,000.

A summary of the water fund accounts and account balances requiredby the Waterworks Utility Systems Revenue Bonds Series 1998resolution is as follows:

RequiredDecember 31, 2000 minimum

Account name balance balance

Operations and maintenanceaccount $833,197 $109,817

Principal and interest account $ 64,404 $ 12,394Debt service reserve account $ 78,500 $ 78,500Depreciation and replacement

account $ 75,000 $ 75,000

63

Carry and maintain insurance with respect to the system and itsoperations against casualties, contingencies and risks. A scheduleof such insurance coverage follows:

Brooke Corporation:

Coverage period January 1,Annual premium: $50,705

General liability

Blanket building andpersonal property

Inland marine

2000 January 1, 2001

$1,000,000 general aggregate limit$1,000,000 products-completedoperations aggregate limit$500,000 personal and advertisinginjury limit$500,000 each occurrence

$100,000 fire, lightening orexplosion damage limitNo coverage on medical expenses

$7,997,492 coverage limit

$30,000 misc. property$293,246 contractors equipment$458,509 commercial articles

$81,815 small computers

Automobiles $500,000 per accident or loss

Brooke Corporation:

Coverage period September 3, 2000 - September 3, 2001

Public officials and

employee liability$500,000 limit of liability (aggregate)$10,389 annual premium

Brooke Corporation:

Coverage period May 29, 2000 - May 29, 2001Flood $214,300 limit

$1,359 annual premium

Brooke Corporation:

Coverage period July 12, 2000 - July 12, 2001Public officials bond - $20,000 limit

Treasurer $70 annual premium

Kansas Municipal Insurance Trust:Coverage period January 1, 2000 - January 1, 2001Workers' compensation $500,000 each accident

$30,808 annual premium

Investment of any of the above funds is authorized as the types andterms of securities specified in K.S.A. 12-1675 for investment ofmunicipal funds in general and K.S.A. 12-822 and K.S.A. 12-825d(e)for utility reserve funds.

64

9. Compensated absences

The City provides all full-time employees up to one and one-half days ofvacation per month depending upon years of service and one day of sickleave per month. The maximum carryover of vacation days is 160 hours forup to 15 years of service and 200 hours for 15+ years of service. Themaximum accumulated sick leave allowed is ninety days. An employee whodiscontinues employment is paid for any unused vacation, but not foraccumulated sick leave. The cost of accumulated vacation is not recorded

as an expenditure in the financial statements at the time the benefitsare earned by an employee. The cost of the accumulated vacation is shownon Statement 5.1 and will be recorded as an expenditure at the time thevacation is utilized as normal personnel expenditures.

10. Risk management

The City is exposed to various risks of loss related to torts; theft of,damage to and destruction of assets; errors and omissions; and natural

disasters for which the City carries commercial insurance. Insuranceclaims for the year ended December 31, 2000 did not exceed insurancecoverage.

The City has established a program to pay health and dental claims ofcovered current and former City employees and additional health insurance

premiums. The City is liable for eligible health and dental claims up to$15,000 per employee per year. A third party administrator covers claimsin excess of the stop loss. Claims are recorded as an expense at the timethe claim is paid. The unencumbered cash balance of the employee healthcare fund at December 31, 2000 was $679,595.

11. Litigation

The City is the defendant in a small number of lawsuits arisingprincipally in the normal course of operation. In the opinion of theadministration, the outcome of these lawsuits will not have a material

adverse effect on the accompanying financial statements and, accordingly,no provision for losses have been recorded.

12. Reclassifications

Certain amounts within the 1999 individual fund financial statements have

been reclassified to conform with the current year presentation.

65


SUPPLEMENTAL INFORMATION


The following supplemental information has been provided by the City ofConcordia, Kansas in order to satisfy revenue and general obligation bond

reporting requirements.

GENERAL INFORMATION CONCERNING THE CITY

Government and Organization of the City

The City was established in 1870 and is a city of the second class. The Cityoperates under a commission/manager form of government. The three members ofthe City Commission are elected to three-year terms. The City Manager isappointed by the Commission and is charged with the efficient and effectiveadministration of the City.

Elected Officials

Name

Verna Ferguson

Isadore Bombardier

Joseph Strecker

Title

Mayor

Commissioner

Commissioner

Appointed Officials

Term Expires

April 2002

April 2003

April 2004

Name

Wynndee Lee

Cheryl LanouePhilip H. Deneault

Larry Uri

Title

Interim City Manager

City Clerk

City TreasurerCity Attorney

ECONOMIC INFORMATION CONCERNING THE CITY

Major Employers

ted below are the major employers of the area and the number of employedeach;

Lis

by

Major Employers

1. Alstrom Power

2. USD #333

3. Cloud Cty Health Center

4. Cld Cty Community College

5. Cloud County

6. F & A Food Sales

7. Mount Joseph

8. Nazareth Convent

9. Sunset Home

10. Scott Specialties

11. Cloud Ceramics

12. City of Concordia13. COR Industries

14. Beverly Healthcare

15. Champlin Tire Recycling

Product/Service

Metal Fabrication

Local Government

Medical Services

Educational Institution

Local Government

Food

Elder Life Care

Religious Institution

Elder Life Care

Therapeutic Software MachineFace Brick

Local Government

Shop Subcontract Work

Elder Life Care

Tire Recycling

Source: Chamber of Commerce of Concordia

66

Number of

Employees

214

197

167

143

143

95

94

81

69

56

54

52

41

36

34

Building Permits

The following table indicates the number of building permits and totalvaluation of these permits issued within the City for the years indicated.These numbers reflect permits issued either for new construction or for majorrenovation.

Permits Issued Total Valuation of Permits Issued

Year Residential Non--Residential Re sidential Non-Residential

1996 45 6 + * $278,190 **$ 911,840

1997 34 5 666,250 111,400

1998 42 17 253,106 1,453,000

1999 28 10 355,108 8,629,379

2000 35 11 325,900 7,498,200

** Values of some permits were not reported to the City

Population Trend

The following table shows the approximate population of the City of Concordiafor the years indicated:

Year

1995

1996

1997

1998

1999

2000

City of Concordia

5921

5897

5706

5594

5594

5714

DEBT STRUCTURE OF THE CITY

Current Indebtedness of the City

The following table sets forth as of the date of issuance of the Bonds all ofthe outstanding general obligation, temporary note and revenue obligationindebtedness of the city, including the Bonds:

Project

GO Bond series 1996

GO Bond series 1997

GO Bond series 2000

Total

Series

Series 1998

Series 2000-2001

Series 2000-2002 (TIF)

Total

General Obligation Bonds

Dat.e

I ssued

12 -1--1996

7 -1--1997

11 -1--2000

OriginalAmount

$ 530,000

$ 595,000

$1,170,000

Temporary Notes

Date11-1-1998

8-1-2000

12-12-2000

67

Balance

Due

$ 255,000

595,000

1,170,000

$2,020,000

Amount

$ 130,000

900,000

1,850,000

$2,880,000

Revenue Bonds

Project

Water & Sewer Utility System Series 199E

OriginalAmount

$ 785,000

Amount

Outstanding

$725,000

Overlapping Indebtedness

The following table sets forth estimated overlapping indebtedness as ofDecember 31, 2000.

Taxing Jurisdiction

Cloud County

USD No. 333

Total

2000

Assessed

Valuation

$57,638,016

$38,058,954

Estimated

Outstanding

GO

Indebtedness

$ 330,000

$ 4,420,000

Estimated

Percent

Applicable

to City

35.33%

53.51%

FINANCIAL INFORMATION CONCERNING THE CITY

Estimated

Amount

Applicable

to City

$ 116,589

2,365,142

$2,481,731

Sources of Revenue

The City finances its general operations through the local property tax levy,various other taxes, a variety of license and permit fees, and other

miscellaneous sources as indicated below for the 2000 calendar year:

Source

Local Property Tax

Franchise Fees

Sales Tax

License & Permits

Fines & Penalties

Miscellaneous

City/County Revenue SharingState Highway CommissionCharges for ServicesUse of Property

Interest

Total

68

Percentage of Revenue

27.00%

17.00%

37.00%

.60%

3.00%

1.00%

00%

00%

00%

40%

00%

100.00%

Current Assessed Valuations

The following table shows the total assessed valuation of the taxabletangible property within the City for the years indicated:

Year

1996

1997

1998

1999

Real

Property

Personnal

Property

$12,775,795 $1,656,186

$13,592,338 $1,871,182

$14,417,714 $1,778,525

$15,058,566 $1,679,259

Motor 16/'20 Total

Utilities Vehicles Trucks Valuation

$2,341,428 $4,513,537 $21,286,946

$2,393,906 $4,396,910 $22,254,336$2,642,893 $4,452,625 $23,317,455$2,446,210 $4,532,348 $23,716,383

2000 $15,967,817 $1,858,846 $2,537,812 $4,217,661 $31,882 $24,614,018

Source: County Clerk

Property Tax Levies and Collections

The following table shows the City's Mill Levy by fund (per $1000 of assessedvaluation) for each of the years shown:

Bond & Employee Special

General Interest Benefit Utility Misc.

Year Fund

23.045

Fund

5.909

Fund

7.933

Fund

7.067

Fund

7.069

Total

1996-1997 51.023

1997-1998 21.523 9.040 6.397 6.945 6.627 50.532

1998-1999 18.772 12.617 6.344 6.952 5.189 49.874

1999-2000 26.638 6.732 8.711 6.986 6.783 56.050

2000-2001 22.831 8.019 12.215 5.404 7.854 56.323


Aggregate Tax Levies

The aggregate tax levies (per $1000 assessed valuation) of the city and overlappingjurisdictions for the years as follows:

City of Cloud USD State of

Year Concordia

51.023

County

56.712

#333

49.901

CCCC

30.950

Kansas

1.500

Total

1996-1997 190.086

1997-1998 50.532 54.436 42.814 29.956 1.500 179.238

1998-1999 49.874 53.788 37.485 28.301 1.500 170.948

1999-2000 56.050 52.567 40.448 28.374 1.500 178.939

2000-2001 56.323 52.878 45.856 27.238 1.500 183.795

Source: County Cler k

69

Tax Collection Record

The following table sets forth tax collection information for city for theyears indicated (taxes levied in one year are collected in the followingyear):

Total % of Delinquent % of Total

Taxes Taxes Taxes Taxes Taxes

Year Levied Collected

$ 815,902

Collected

98.96%

Collected

$5,077

C ollected

1995-1996 $ 824,421 99.58%

1996-1997 $ 855,745 $ 843,570 98.57% $8,363 99.55%

1997-1998 $ 903,538 $ 890,328 98.53% $7,513 98.36%

1998-1999 $ 940,510 $ 924,810 98.65% $1,248 98.78%

1999-2000 $1,076,575 $1,055,570 98.05% $7,815 98.77%

Source: County Cler k

Major Taxpayers

The following table sets forth what is believed to be the ten largesttaxpayers in the city:

Taxpayer

1. Southwestern Bell

2. Westplains Energy

3. ABB Alstom Power

4. AgMark LLC

5. Concordia Plaza

6. Kansas Gas Service

7. City of Concordia8. F & A Food Sales

9. Cloud County Coop

10. Concordia Motel


97580

2000

Assessed

Valuation

$1,370,348

829,064

636,625

592,126

349,524

213,278

212,376

144,274

140,956

137,915

70

Taxes Levied

to be Paid

in 2001

$251,863.12

152,377.82

116,986.87

108,829.82

64,240.79

39,199.44

39,033.65

26,516.88

26,415.36

25,348.12

Documents

FINANCIAL STATEMENTS - Concordiafinancial statements of the City as of and for the years ended December 31, 2000 and 1999, as listed in the table of contents. These financial statements